The naira on Wednesday for the first time in two weeks appreciated at the parallel market to N1,600/$1.
This comes after it had been exchanging and hovering around N1,610 to N1,630 for the past two weeks.
However, the official Nigerian Autonomous Foreign Exchange (NAFEM) depreciated on Wednesday closing at N1,615.94 signifying a N12.56 loss compared to N1,603.38 it closed on Tuesday.
Notably, the daily turnover recorded on Wednesday was $248.75 million indicating a 2.49 percent decline from $122.18 million, quoted on Wednesday.
Also, the highest spot rate on Wednesday was pegged at N1635, while the lowest spot rate recorded was N1,500.
Nume Ekeghe
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